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Another simple system - Time-Frame 15

  • #2,121
  • May 30, 2012 11:50pm May 30, 2012 11:50pm
Quoting vina
hi
can you tell me indicator you use on the chart?
Line blue and red on candle.
Thank!
Hi Vina,
I think that you are asking about Mega Trend Indicator
here you are!
Attached File(s)
File Type: ex4 MegaTrend.ex4   4 KB | 541 downloads
  • #2,122
  • May 31, 2012 12:13am May 31, 2012 12:13am
Ohhh! missed one setup on EU, was waiting for it to grab my 10 pips but when came from meeting it was late already!!!
Will wait for bounce off from the upper trend channel. will see!
Attached Image (click to enlarge)
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  • #2,123
  • May 31, 2012 12:25am May 31, 2012 12:25am
Quoting orko_555
Ok, i think last for today! what will happen next? this is the historical support area!
so.... will it bounce off or break it down???
Any thoughts ??
So what happened here! the price broke down the temp.support area and i would have entered short on where indicated on the chart with ~10 pips profit target. ok now will wait for EU open and will see what will happen there, most probably if price breaks the temp.support area i will go short or possible long trade with ~10 -15 pips profit.
Good luck to everyone!
Attached Image (click to enlarge)
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  • #2,124
  • May 31, 2012 12:39am May 31, 2012 12:39am
Quoting orko_555
Hi Vina,
I think that you are asking about Mega Trend Indicator
here you are!
Thank you very much!
Quantitative trading - Trending market update every day.
  • #2,125
  • May 31, 2012 1:03am May 31, 2012 1:03am
Quoting orko_555
So what happened here! the price broke down the temp.support area and i would have entered short on where indicated on the chart with ~10 pips profit target. ok now will wait for EU open and will see what will happen there, most probably if price breaks the temp.support area i will go short or possible long trade with ~10 -15 pips profit.
Good luck to everyone!
Here you go guys! That what i was taking about! ~7 pips! but i try to trade usually on EU open, that's why i didn't take this trade. It is just to make you spot this quick pips!
Good Luck,
Roman.

P.S. and still going up more!
Attached Image (click to enlarge)
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  • #2,126
  • May 31, 2012 1:12am May 31, 2012 1:12am
Ok, look at this nice trade on EU after it broke the thick trend line up and now it is approaching to another thick trend line that can act as a resistance here, will see if it breaks trough or bounce off for potential ~10 pips down till lower thick trend line, in another words now i look for the breakout of this triangle either up or down!
Good Luck,
Roman!

P.S. Pips hunting for me has just started!!!
Attached Image (click to enlarge)
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  • #2,127
  • May 31, 2012 1:36am May 31, 2012 1:36am
http://www.compassfx.com/steve/video/
  • #2,128
  • May 31, 2012 1:56am May 31, 2012 1:56am
Prices look a little messy today. You've got to wonder when it can stop going down!

Just looking at the A/U, I can see a mixture of S & R along the red line. Prices were finding it difficult to close below it on the left on the screen and it now seems to have become resistance. Ideally, I'd like to see it go a little higher before a short, but we'll see what LO brings.
Attached Image (click to enlarge)
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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,129
  • May 31, 2012 2:15am May 31, 2012 2:15am
Possible short coming on the E/U. We can see on the H1 chart that it is stalling on the fib. If we go down to the M15 chart, we can see that fib area acted as some small support, then quickly became resistance in the same area. If it continues to stall there, I believe we have a decent possibility of a short. If it blasts through, then we need to look for the next level of prices stalling.

EDIT: In the name of confluence, I can all see a similar thing happening on the USD/CHF pair, but in the opposite direction. If the USD/CHF stalls and goes up, we can expect the E/U to come down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu h1.gif Size: 43 KB
Click to Enlarge Name: eu m15.gif Size: 50 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,130
  • May 31, 2012 3:01am May 31, 2012 3:01am
Some strange moves on the E/U. It has certainly rejected at the price I noted, but it then also rejected to the downside. Lots of indecision. Technically, I had an entry signal at 1.2404, but I didn't like that weird double rejection, so I stayed out. Let's see where it goes.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,131
  • May 31, 2012 3:05am May 31, 2012 3:05am
Hi loveevery1,

I`ve been reading through your thread the last days and i must say i`m in love with your attitude

Today i tried the first trade on demo wich failed!

I also know why it failed, it failed because i went long below 200ma.

I`m in the forex bussines for 3 years now and still not profitable but if i can set my mind like yours then there has to come a time that i will be making money

I`ll keep following this thread!

God bless you

Rob
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  • #2,132
  • May 31, 2012 3:13am May 31, 2012 3:13am
Quoting By_Tor2114
Possible short coming on the E/U. We can see on the H1 chart that it is stalling on the fib. If we go down to the M15 chart, we can see that fib area acted as some small support, then quickly became resistance in the same area. If it continues to stall there, I believe we have a decent possibility of a short. If it blasts through, then we need to look for the next level of prices stalling.

EDIT: In the name of confluence, I can all see a similar thing happening on the USD/CHF pair, but in the opposite direction. If the USD/CHF stalls and goes...
im long on EU...lets see how it goes...
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #2,133
  • May 31, 2012 3:16am May 31, 2012 3:16am
Quoting loveevery1
im long on EU...lets see how it goes...
I'm still waiting for an entry. It's having another go at the same area I drew out.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,134
  • May 31, 2012 3:17am May 31, 2012 3:17am
Quoting Robst3r
Hi loveevery1,

I`ve been reading through your thread the last days and i must say i`m in love with your attitude

Today i tried the first trade on demo wich failed!

I also know why it failed, it failed because i went long below 200ma.

I`m in the forex bussines for 3 years now and still not profitable but if i can set my mind like yours then there has to come a time that i will be making money

I`ll keep following this thread!

God bless you

Rob
IM long below the 200 ema.lol .same stupid mistake mate...but with -7 pips SL right below the RN...its +7 pips now..but i wotn close it...i have kept TP right below the 200ema...
Let all the living things live blissfully
  • #2,135
  • May 31, 2012 3:18am May 31, 2012 3:18am
Quoting By_Tor2114
I'm still waiting for an entry. It's having another go at the same area I drew out.
BE now...the price is stalling in that area...
Let all the living things live blissfully
  • #2,136
  • May 31, 2012 3:20am May 31, 2012 3:20am
Quoting By_Tor2114
I'm still waiting for an entry. It's having another go at the same area I drew out.
gonna hit BE now...lol
Let all the living things live blissfully
  • #2,137
  • May 31, 2012 3:21am May 31, 2012 3:21am
Quoting loveevery1
gonna hit BE now...lol
got hit in the BUTT...lol
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Click to Enlarge Name: 1.png Size: 2 KB
Let all the living things live blissfully
  • #2,138
  • May 31, 2012 3:28am May 31, 2012 3:28am
Quoting By_Tor2114
I'm still waiting for an entry. It's having another go at the same area I drew out.
I'm too still waiting!!
  • #2,139
  • May 31, 2012 3:31am May 31, 2012 3:31am
I am now short at 1.2406.

We'll see where we go. I intend to walk away and leave this to run.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,140
  • May 31, 2012 3:36am May 31, 2012 3:36am
Quoting By_Tor2114
I am now short at 1.2406.

We'll see where we go. I intend to walk away and leave this to run.
i might short or long depending on how this is going to close..i feel push i up...lets c
Let all the living things live blissfully
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